THE WOOL MARKET

Otago Daily Times, Issue 23894, 23 August 1939, Page 12

THE WOOL MARKET

SALE AT CHRISTCHURCH VALUES UP TO EXPECTATIONS (Special to Daily Times) CHRISTCHURCH. Aug. 22. A supplementary sale of wool was held this afternoon. There was a good attendance of buyers, representing local mills and fellmongers and overseas interests. The catalogue, which comprised 2169 bales, was the usual offseason assortment. Crutchings and pieces formed the major proportion, although there was a moderate showing of fleece, comprising mostly stragglers' wool from merino and halfbred flocks. The crossbred wool offered comprised practically all crutchings and pieces. ■ . The sale was a good one considering the duality of the wool offered, and quite on a par with expectations to a shade better for coarser crutchings. Best merino and halfbred fleece made to 12d per lb in several cases, the bulk of the fleece lots ranging from 9d to IOJd. Merino crutchings were well represented, and these sold freely at from 7d to 9d per lb for best with secondary round about 6d. Pieces made up to 102 d. and secondary lots from 6d to Bd. Crossbred crutchings sold exceptionally well. A three-bale lot from South Westland made lid per lb with other lots from BJd to 9id, and the bluk of this class ranged from 6dto7id. There was general competition. Local mills were freely in the market for all classes of finer wools, and took a substantial proportion of this class. Overseas representatives also operated spiritedly and secured most, of the remainder. The passings were confined mostly to inferior lots, and in the aggregate amounted to only a moderate Droriortion of the catalogue.